Condensed versions of Mobile Phone Enterprises' financial statements follow for 2 recent years. Required Complete Mobile Phone
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Condensed versions of Mobile Phone Enterprises' financial statements follow for 2 recent years.
Required
Complete Mobile Phone Enterprises' financial statements by determining the missing amounts denoted by the letters.
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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20x6 20X5 Income Statement Revenues Cost of goods sold Other expenses Income before income taxes Income taxes (40% in 20X6) Net income $88,400 74,500 15,800 4,000 13,500 9,200 1,500 Statement of Retained Earnings Beginning balance Net income Dividends Ending balance Balance Sheet n 9,900 400) 5 500 310 Cash Property, plant, and equipment Other assets 20,800 16,500 $37,600 23,800 Total assets Liabilities: Current liabilities Long-term debt and other liabilities $ 9,900 10,100 11,300 22,700 Total liabilities Shareholders' Equity: Common stock Retained earnings Other shareholders' equity $ 200 Ll 100 $ 200 200 17,600 Total shareholders' equity Total liabilities and shareholders' equity.. w Statement of Cash Flows Net cash provided by operating activities....$ x Net cash used for investing activities (3,300) Net cash provided by financing activities . $ 2,900 (3,700) 900 900 100 Increase (decrease) in cash Cash at beginning of year Cash at end of year 200
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Related Book For
Financial Accounting
ISBN: 978-0135012840
7th edition
Authors: Walter T. Harrison, Charles T. Horngren
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